Sec. 5. "Credit enhancement" means any letter of credit, insurance, guarantee, or other credit enhancement issued by an issuer approved by the board for depositories, which is used to secure debt or leasehold financing for an industrial development obligation. As added by P.L.19-1987, SEC.6.
IC 5-13-4-6 "Credit enhancement obligation" Sec. 6. "Credit enhancement obligation" means the obligation of the developers of an economic development project under the documents related to the credit enhancement. As added by P.L.19-1987, SEC.6. Amended by P.L.189-2018, SEC.30.